Net Asset Value(s)

Keystone Investment Trust Plc       
As at close of business on 24-January-2014      
NAV per Ordinary share (unaudited) with Debt at Par     
EXCLUDING undistributed current year revenue                1768.33p    
INCLUDING current year revenue                              1778.93p    
NAV per Ordinary share (unaudited) with Debt at Fair Value      
EXCLUDING undistributed current year revenue                1718.92p    
INCLUDING current year revenue                              1729.52p    
The NAV includes a provision for any performance fee applicable.        
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